Unit of competency details

BSBRSK401 - Identify risk and apply risk management processes (Release 1)

Summary

Releases:
ReleaseStatusRelease date
1 1 (this release)Current 25/Mar/2015

Usage recommendation:
Current
Mapping:
MappingNotesDate
Supersedes and is equivalent to BSBRSK401A - Identify risk and apply risk management processesUpdated to meet Standards for Training Packages 24/Mar/2015


Training packages that include this unit

CodeTitleSort Table listing Training packages that include this unit by the Title columnRelease
TLI - Transport and Logistics Training PackageTransport and Logistics Training Package 1.0-2.0 
SIS - Sport, Fitness and Recreation Training PackageSport, Fitness and Recreation Training Package 1.0-2.1 
PPM - Pulp & Paper Manufacturing Industry Training PackagePulp & Paper Manufacturing Industry Training Package 1.0 
MSS - SustainabilitySustainability 1.0 
HLT - HealthHealth 3.0-3.1 
FWP - Forest and Wood Products Training PackageForest and Wood Products Training Package 2.0 
FNS - Financial Services Training PackageFinancial Services Training Package 1.0-2.0 
DEF - Defence Training PackageDefence Training Package 1.0 
CUA - Creative Arts and Culture Training PackageCreative Arts and Culture Training Package 2.0 
CSC - Correctional Services Training PackageCorrectional Services Training Package 1.0-1.1 
CHC - Community ServicesCommunity Services 2.0-3.0 
BSB - Business Services Training PackageBusiness Services Training Package 1.0-2.0 
AHC - Agriculture, Horticulture and Conservation and Land Management Training PackageAgriculture, Horticulture and Conservation and Land Management Training Package 1.0 

Qualifications that include this unit

CodeTitleSort Table listing Qualifications that include this unit by the Title columnRelease
TLI50615 - Diploma of Rail Operations ManagementDiploma of Rail Operations Management 
TLI50515 - Diploma of Deployment LogisticsDiploma of Deployment Logistics 
TLI50215 - Diploma of Materiel LogisticsDiploma of Materiel Logistics 
TLI42415 - Certificate IV in Rail Safety ManagementCertificate IV in Rail Safety Management 
TLI42315 - Certificate IV in Rail InfrastructureCertificate IV in Rail Infrastructure 
TLI42016 - Certificate IV in LogisticsCertificate IV in Logistics 
TLI41715 - Certificate IV in Stevedoring OperationsCertificate IV in Stevedoring Operations 
TLI41515 - Certificate IV in Materiel LogisticsCertificate IV in Materiel Logistics 
TLI40115 - Certificate IV in Rail Safety InvestigationCertificate IV in Rail Safety Investigation 
SIS40115 - Certificate IV in Sport and RecreationCertificate IV in Sport and Recreation 
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Classifications

SchemeCodeClassification value
ASCED Module/Unit of Competency Field of Education Identifier 080301 Business Management  

Classification history

SchemeCodeClassification valueStart dateEnd date
ASCED Module/Unit of Competency Field of Education Identifier 080301 Business Management  30/Jul/2015 
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Unit Of competency

Modification History

Release 

Comments 

Release 1

This version first released with BSB Business Services Training Package Version 1.0.

Application

This unit describes the skills and knowledge required to identify risks and to apply established risk management processes to a defined area of operations that are within the responsibilities and obligations of the role.

It applies to individuals with a broad knowledge of risk analysis or project management who contribute well developed skills in creating solutions to unpredictable problems through analysis and evaluation of information from a variety of sources. They may have responsibility to provide guidance or to delegate aspects of these tasks to others.

In this unit, risks applicable within own work responsibilities and area of operation, may include projects being undertaken individually or by a team, or operations within a section of the organisation.

No licensing, legislative or certification requirements apply to this unit at the time of publication.

Unit Sector

Regulation, Licensing and Risk – Risk Management

Elements and Performance Criteria

ELEMENT 

PERFORMANCE CRITERIA 

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Identify risks

1.1 Identify the context for risk management

1.2 Identify risks using tools, ensuring all reasonable steps have been taken to identify all risks

1.3 Document identified risks in accordance with relevant policies, procedures, legislation and standards

2. Analyse and evaluate risks

2.1 Analyse and document risks in consultation with relevant stakeholders

2.2 Undertake risk categorisation and determine level of risk

2.3 Document analysis processes and outcomes

3. Treat risks

3.1 Determine appropriate control measures for risks and assess for strengths and weaknesses

3.2 Identify control measures for all risks

3.3 Refer risks relevant to whole of organisation or having an impact beyond own work responsibilities and area of operation to others as per established policies and procedures

3.4 Choose and implement control measures for own area of operation and/or responsibilities

3.5 Prepare and implement treatment plans

4. Monitor and review effectiveness of risk treatment/s

4.1 Regularly review implemented treatment/s against measures of success

4.2 Use review results to improve the treatment of risks

4.3 Provide assistance to auditing risk in own area of operation

4.4 Monitor and review management of risk in own area of operation

Foundation Skills

This section describes language, literacy, numeracy and employment skills incorporated in the performance criteria that are required for competent performance.

Skill 

Performance 

Criteria 

Description 

Reading

1.2

  • Comprehends documents and texts of varying complexity to extract and analyse relevant information

Writing

1.3, 2.1, 2.3, 3.5

  • Uses specific, industry related terminology and logical organisational structure in workplace documents that identify and analyse risk and report management process outcomes

Oral communication

2.1

  • Participates effectively in interactions with stakeholders by using questioning and listening to elicit opinions and clarify understanding

Numeracy

1.2, 4.1

  • Uses numerical tools to assess risk and uses numerical data to review plans

Navigate the world of work

1.1, 1.3, 3.3

  • Complies with organisational and legislative requirements
  • Takes responsibility for identification and management of risk within own work context and refers matters to others as required

Interact with others

2.1

  • Selects appropriate communication protocols and conventions when conferring with others to establish risk management requirements

Get the work done

1.1, 1.2, 2.1, 2.2, 3.1, 3.2, 3.4, 3.5, 4.1, 4.2, 4.3, 4.4

  • Determines job sequence and works logically and systematically to undertake defined tasks
  • Uses analysis and consultative processes to inform decisions about selection and implementation of risk control measures
  • Evaluates effectiveness of plans and results to inform improvement decisions
  • Uses familiar digital technologies and systems to access information, prepare plans and communicate with others

Unit Mapping Information

Code and title  

current version 

Code and title 

previous version 

Comments 

Equivalence status 

BSBRSK401 Identify risk and apply risk management processes

BSBRSK401A Identify risk and apply risk management processes

Updated to meet Standards for Training Packages

Equivalent unit

Links

Companion volumes available from the IBSA website: http://www.ibsa.org.au/companion_volumes - http://companion_volumes.vetnet.education.gov.au/Pages/TrainingPackage.aspx?pid=13

 

Assessment requirements

Modification History

Release 

Comments 

Release 1

This version first released with BSB Business Services Training Package Version 1.0.

Performance Evidence

Evidence of the ability to apply organisational policies, procedures and processes to:

  • identify risks
  • consult with relevant stakeholders to analyse and evaluate risks
  • identify and evaluate control measures
  • develop and implement treatment plans for own area or responsibility
  • refer risks that are beyond own area of responsibility to others
  • maintain risk management documentation.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

  • outline techniques for identifying and evaluating risks
  • outline organisational policies, procedures or processes for risk management
  • give examples of areas where risks are commonly identified in an organisation
  • outline the purpose and key elements of current risk management standards
  • outline the legislative and regulatory context of the organisation in relation to risk management
  • describe the organisation's auditing requirements relating to risk management.

Assessment Conditions

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the regulation, licensing and risk - risk management field of work and include access to:

  • relevant legislation, regulations, standards and codes
  • relevant workplace documentation and resources
  • case studies and, where possible, real situations
  • interaction with others.

Assessors must satisfy NVR/AQTF assessor requirements.

Links

Companion volumes available from the IBSA website: http://www.ibsa.org.au/companion_volumes - http://companion_volumes.vetnet.education.gov.au/Pages/TrainingPackage.aspx?pid=13

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